Cellular Biomedicine Group Inc (CBMG)

[tyler165]

Not much to report from conference call...just waiting on SEC for Wonder, waiting about 2 more weeks for Tsingda funding/capital raise to close (most likely oversubscribed according to Keith in conference call, which is a great thing, shows confidence in Tsingda by investment community), they mentioned about $8 million in marketable securities in Wonder and Tsingda stock after they go public, mentioned Arem Pacific will most likely be next in line after Tsingda and Wonder for IPO. Still working with other clients but progress sounds slow. Briefly mentioned some potential new clients they might be signing up but no great details...they apparently are getting some good referrals from current clients, which they think is a good sign. Cash is tight but Norm and Keith have funded business in past and still have intentions to do so going forward, according to conference call. Cash fees upfront for new clients is helping cash, according to conf call.